Answer Posted / adinarayana
profit & loss a/c contains Indirect incomes and expences.
brod down Gross Profit on debit side. All Indirect incomes
write on credit side and all Indirect expencess are write
on debit side. Finaly they showed balance. If the balance
on debit side it is a Net profit and credit side it is a
Net loss. Theses balances taken into the Balance Sheet.
| Is This Answer Correct ? | 36 Yes | 7 No |
Post New Answer View All Answers
i am a mba fresher and i'm learning oracle finance.please give me ur valueble suggetions about my career in oracle finance? what r the requirements 2 get a good job in time?
The Closing stock balance on the cr side of Tarding Proft and Loss A/c due to this our revenue so when we isued the material or used in production then whats happen with closing stock(I think Closing Stock will dr after Isuabce/use materil in Production)if its correct tell me
what is mean by T and E cosept
what is the accounting conventions
what is cost audit?
outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited
What is Financial planning?
hi guys, pls refer me how to preppare for Indian Bank exams.
what is the core accounts
In case of cement plant we have to capitalizee locomotive engine my question is about the rate of depreciation on SM basis and category in which it should be capitalize?
Can anyone give comparative data of NPA(non performing assets) of nationalised banks or BANKS IN INDIA for the last 5-10 years if possible with bifurcation substandard doubtful loss asset
Provision of Bad Debts is made in compliance with the convention of -----------
where we use the convetion of conservatisam in real life??
what is absorbtion coasting?
Expand-------CSNA
